GreenGop.org

The future of the Bailout bill now rests firmly in the hands of the House of Representatives. They were swift to vote against the measure on Monday. The new HR1424 Measure is now loaded with additional pork that should sway the house to act in favor of the bill.

There are many mixed opinions about this bailout bill from all over the country. Major analysts are worried about the long term effects that this measure will have and if the oversight committees will actually follow through on this one. The bailout bill could assist the economy in the short term but unless it is handled correctly it will probably not be good for the long term. There are many potential issues that I can foresee being a problem.

senate approves bailout bill

As reported Yesterday night the Senate passed the HR 1424 economic stabilization act. The Bailout Bill which was approved by a majority vote of 75-24 in the senate last night was loaded up with additional measures. It is believed that many of these pork laden measures were designed to put pressure on the House to pass this bill as many of the measures were very popular measures to those who had initially voted against the bill in the first place.